The US dollar jumped, reaching the highest level in almost a year against the Japanese yen, after the Federal Reserve refrained from additional quantitative easing and spoke about economic recovery. The Federal Open…
Posts published in March 2012
Euro Struggles as Forex Traders Wonder Who’s After Greece
Even though there is something of a “risk on” attitude in the markets today, the euro isn’t benefitting. Indeed, euro is struggling today as concerns about an economic slowdown pile on top of worries…
NZ Dollar Gains with Stocks on Positive Market Sentiment
The New Zealand dollar climbed today after positive market sentiment, caused by hopes for the eurozone and anticipation of positive macroeconomic data from the United States, boosted global stocks. Traders were optimistic…
UK Pound Gains on Economic Data
UK pound is gaining today, thanks in part to better than expected economic data out of Great Britain. Good news is helping the pound against the US dollar and against the euro.…
Japan’s Yen Goes Down as Market Sentiment Improves
The Japanese yen fell today versus the US dollar and the euro after European finance ministers agreed to provide a bailout for Greece and on speculations that US retail sales grew with faster pace…
CAD Drops vs. Safe Currencies as Traders Shun Risk
The Canadian dollar fell against safer currencies today, but advanced against riskier ones, after negative news from China and uncertainty of the eurozone’s future made Forex speculators to shun risk.…
US Dollar Mixed, But Mostly Higher
US dollar is mostly higher today, gaining on mixed news from around the world. While greenback is higher against the UK pound and the Australian dollar today, though, it is…
Euro Higher on Greece, But Could Sink on Spain
Euro is higher today, gaining as questions about Greece are resolved. Eurozone finance ministers are expected to approve a bailout package for Greece, and that is helpin the 17-nation currency. However,…
Weekly Losses of AUD Caused by Bad Fundamentals in Australia
The Australian dollar was rising in the first half of the week, reversed its decline in the second half, but wasn’t able to completely erase its losses and ended the week with closing price below…
Norwegian Krone Falls on Trader Minister’s Comments
The Norwegian krone slumped after the country’s trade minister said that the strong currency is hurting Norway’s exporters, causing traders to speculate about possible intervention. Trond Giske, Norway’s Minister…